December 26 Daily Market Analysis

Last night at 11 PM and this morning at 10 AM, the volume and long-term trend K-lines already indicated significant market fluctuations today, making trading more difficult.
Although yesterday's breakout with increased volume looked impressive, it did not break the 883 range. After testing the upper boundary of the range, it immediately retreated to 870. The breakout only formed this morning, indicating that yesterday's intraday strategy was effective.

Despite the large trend volume and movement amplitude during the breakout, subsequent momentum did not follow through, suggesting that not all the bulls are in control. Each bullish trend movement could only run for two to three K-lines before losing momentum. The breakout at 10 AM showed two long trend lines before a direct pullback, and the retracement was quite strong.

On a larger timeframe, the BTC range of 85,000-90,000 remains intact. Today, it is likely to see a spike that disrupts this range structure. Considering options influence, the focus before 16:00 should be on going long. After 16:00, only price action will be observed. The US stock market will trade normally tonight. With the S&P reaching a new all-time high and Christmas sentiment, US stocks may still rise, potentially driving Bitcoin higher.

BTC Intraday Strategy: Enter long near 87,000; avoid short positions today. 87,000 is an optimal left-side position; whether to enter depends on market opportunities $BTC

ETH's range of 2900-2980 remains unbroken. However, considering options impact, the main pain point for ETH is at 3000. ETH is very close to 3000 now, so before 16:00, it is highly likely that ETH will either break above 3000 or stay at 3000.

This morning, ETH's trend movement failed to break the upper boundary of the range, indicating that ETH bulls are weaker. Combining recent price behavior, ETH bears currently seem to have the upper hand.

ETH Intraday Strategy: Enter long near 2900; enter short near 3030 $ETH ‌#2025Gate年度账单 #加密市场小幅回暖 #ETH走势分析